$35 million funding round opens under the NSW RMF agreement.
The Federal and NSW Governments have announced a $35 million grant round for recycling companies ready to invest in new projects that will support the transformation of NSW’s waste industry.
The new funding injection combines grants from both levels of government to leverage private industry investment, and will take the total investment in transforming the industry in NSW to $162 million.
Environment Minister Sussan Ley and NSW Energy and Environment Minister Matt Kean visited the Suez Resource Recovery centre in Belrose as the new grants round opened today, highlighting opportunities emerging in the state’s waste sector and its importance to both the economy and the environment.
“The Recycling Modernisation Fund is bringing together states, territories, industry and local government to ensure we are remanufacturing our waste instead of throwing it away,” Ley said.
“We are working with NSW to create jobs and boost recycling capacity as we phase in our waste exports ban and move further towards a circular economy that sees ‘waste’ as an asset.”
Kean said the grants, from the new Remanufacture NSW Fund, will prioritise new sorting technologies and materials recovery projects that increase the state’s ability to process mixed plastics, glass, paper and tyres, and boost capacity to process valuable single stream plastics like PET and HDPE.
“Our $19 million investment from prior recycling programs, unlocked $73 million in private industry investment in NSW and enabled the creation of hundreds of jobs – which just illustrates the opportunities for innovative waste projects here in NSW,” he said.
“We know the people of NSW are keen recyclers, and this new program is all about supporting our waste industry to get more innovative large-scale projects that divert plastic, glass, paper and tyres from landfill, off the ground.”
The $190 million Recycling Modernisation Fund investment, and measures to support Australia’s National Waste Policy Action Plan, will create approximately 10,000 new jobs all around Australia over the next ten years.
Applications will remain open until March 26.